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Why Apple Tablet Delay Is Good News

I know this is contrarian to the moment, but I think Apple is significantly undervalued right now. When you project earnings and growth to the future --- even absent iSlate optimism --- Apple should go to $350 in a 2-year time frame.

Apple's stock, today, is about where it was a year ago. But during that year slaes are up in every element of their business (in spite of the recession), their cash holdings are significantly higher, and they now own the profit in smart phones and music distribution. They are on the verge of new phones, a new touch computer, and new ventures with print and streaming media. In short, the future looks brighter than the past.

The growth of iPhone distributors, the change in accounting for iPhone profits, and the never-ending new product pipeline all auger well for the company. The only clouds to Apple's stock value would be Steve Job's health and the economy --- both of which have slowed the stock appreciation across the last year.

I am long Apple.

Apple's Bountiful Revenues Are Bigger Than Ever

So, FatCat, what kind of a car do you drive? A Yugo?

Running a Mac is an enriching aesthetic experience. I am constantly struck by the beauty of the machine, the exquisite design, and the overall build quality.

So it costs $100 more than the cheapest PC. It DOES have the best, and safest, OS, too. And, did you price out a magnetic power plug on your laptop?

Next time your dog runs by and snags the cord and pulls the PC off the table, just remind yourself that you saved $100, as you drive your Yugo to the store to replace the LCD.